4 Smallcap Stocks Under Rs 150 to Watch for Future Multibagger Potential: CESC, Paradeep Phosphates, South Indian Bank and Lemon Tree
- October 26, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
CESC Rs 124.79. Paradeep Phosphates Rs 133.57. South Indian Bank Rs 52.57. Lemon Tree Rs 108.94. Market caps from Rs 8,850 crore to Rs 17,298 crore. Data as of 23 Oct 2026.
Quick Answer
CESC, Paradeep Phosphates, South Indian Bank and Lemon Tree are the 4 picks in this stocks under Rs 150 watchlist, with market caps between Rs 8,850 crore and Rs 17,298 crore. CESC stands out for the largest market cap at Rs 17,298 crore, while Paradeep Phosphates offers the fastest profit growth, 25.75% a year since FY22. PE ratios run from 8.13 to 29.71, so compare each one with its industry PE before investing. All figures are as of 23 October 2026.
Stocks under Rs 150 to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. CESC, Paradeep Phosphates, South Indian Bank and Lemon Tree meet that test, with market caps from Rs 8,850 crore to Rs 17,298 crore and CESC offering the largest market cap at Rs 17,298 crore. Each of these companies has a market capitalisation below Rs 30,000 crore and a share price below Rs 150 and a return on equity above 8 per cent, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a market capitalisation below Rs 30,000 crore and a share price below Rs 150 and a return on equity above 8 per cent, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap below Rs 30,000 crore. Investors screening stocks under Rs 150 usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 23 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Stocks Under Rs 150 and Why Do They Attract Multibagger Interest?
Stocks under Rs 150 are shares of smaller companies that trade below Rs 150 each, so a small amount buys a good number of shares. The four here cover power distribution, fertilisers, private banking and hotels.
A low share price is only a convenience, so check growth and returns first. For stocks under Rs 150, both FY26 and the latest quarter showed growth. Investors researching stocks under Rs 150 get a fuller picture by reading growth and valuation together. The table below lines up stocks under Rs 150 on size, growth and valuation, using complete FY26 and latest quarter numbers. Past performance does not guarantee future returns, so use stocks under Rs 150 as a starting point for your own research.
Stocks Under Rs 150 at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 23 October 2026. South Indian Bank has the lowest PE of the group at 8.13, while Lemon Tree posts the highest return on equity at 16.32%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| CESC | 124.79 | 17,298 | 10.61 | 22.18 | 12.31% | 1.38 | 124.79 to 204.50 |
| Paradeep Phosphates | 133.57 | 14,493 | 13.53 | 21.29 | 14.69% | 2.14 | 99.70 to 181.80 |
| South Indian Bank | 52.57 | 12,887 | 8.13 | 12.02 | 12.51% | 1.07 | 31.50 to 54.97 |
| Lemon Tree Hotels | 108.94 | 8,850 | 29.71 | 36.77 | 16.32% | 6.36 | 99.61 to 170.68 |
CESC: Profit Compounding at 3.60% a Year
CESC generates and distributes power, with a distribution licence area in Kolkata, and is growing its renewable portfolio. It reported FY26 revenue of Rs 18,927.29 crore, up 8.93% year on year, and net profit of Rs 1,617.57 crore, up 13.20%. Revenue has compounded at 10.22% a year since FY22. Operating margin was 26.27% in FY26.
In the June 2026 quarter, revenue rose 5.18% to Rs 5,559 crore and net profit grew 3.71% to Rs 419 crore. Domestic institutions raised their holding from 25.38% in June 2025 to 26.14% in June 2026. The stock trades at a PE of 10.61 against an industry PE of 22.18, below the sector average, with a return on equity of 12.31%. The dividend yield is 4.62%.
Paradeep Phosphates: 25.75% Profit CAGR Since FY22
Paradeep Phosphates makes phosphatic fertilisers such as DAP and NPK complexes at its plant in Odisha. It reported FY26 revenue of Rs 21,972.92 crore, up 28.45% year on year, and net profit of Rs 996.36 crore, up 50.48%. Net profit has compounded at 25.75% a year since FY22, while revenue has grown 29.15% a year. Operating margin was 10.35% in FY26.
The stock trades at a PE of 13.53 against an industry PE of 21.29, below the sector average, with a return on equity of 14.69%. In the June 2026 quarter, revenue rose 35.44% to Rs 6,145.82 crore and net profit grew 23.93% to Rs 392.54 crore. Domestic institutions raised their holding from 12.99% in September 2025 to 20.26% in September 2026.
South Indian Bank: Quarterly Profit Up 21.26%
South Indian Bank is a Kerala-based private sector bank with a strong presence in southern India and a growing retail and small business book. It reported FY26 total income of Rs 11,855.28 crore, up 5.60% year on year, and net profit of Rs 1,455.64 crore, up 11.71%. Total income has compounded at 11.68% a year since FY22.
In the September 2026 quarter, total income rose 11.68% to Rs 3,263.80 crore and net profit grew 21.26% to Rs 426.34 crore. The share price has gained 435.97% over five years and 56.15% over the past year. Domestic institutions raised their holding from 11.92% in September 2025 to 16.78% in September 2026. The stock trades at a PE of 8.13 against an industry PE of 12.02, below the sector average, with a return on equity of 12.51%.
Lemon Tree: Five-Year Gain of 107.31%
Lemon Tree Hotels operates hotels in the upper-midscale, midscale and economy segments under brands such as Lemon Tree, Aurika and Red Fox. It reported FY26 revenue of Rs 1,465.01 crore, up 12.78% year on year, and net profit of Rs 288.32 crore, up 18.58%. Revenue has compounded at 37.66% a year since FY22. Operating margin was 46.90% in FY26.
The stock trades at a PE of 29.71 against an industry PE of 36.77, below the sector average, with a return on equity of 16.32%. In the June 2026 quarter, revenue rose 9.25% to Rs 346.76 crore and net profit grew 19.21% to Rs 57.34 crore. The share price has gained 107.31% over five years.
Stocks Under Rs 150: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks under Rs 150. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Revenue (Rs Cr) | Net Profit (Rs Cr) | Revenue Growth (YoY) | 4-Year Revenue CAGR | Latest Quarter Revenue Growth |
|---|---|---|---|---|---|
| CESC | 18,927.29 | 1,617.57 | 8.93% | 10.22% | 5.18% |
| Paradeep Phosphates | 21,972.92 | 996.36 | 28.45% | 29.15% | 35.44% |
| South Indian Bank | 11,855.28 | 1,455.64 | 5.60% | 11.68% | 11.68% |
| Lemon Tree | 1,465.01 | 288.32 | 12.78% | 37.66% | 9.25% |
Check the Univest Screener for live data on these stocks under Rs 150
Institutional Holding in CESC, Paradeep Phosphates, South Indian Bank and Lemon Tree
Institutional holding shows who is backing these stocks under Rs 150 alongside the promoter. The table uses the latest reported quarter for each. South Indian Bank has the deepest institutional backing, with FII and DII together holding 42.35% as of September 2026. Domestic institutions increased their holding over the past year in CESC (from 25.38% to 26.14%), Paradeep Phosphates (from 12.99% to 20.26%) and South Indian Bank (from 11.92% to 16.78%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| CESC | 52.11% | 11.47% | 26.14% | 10.28% | June 2026 |
| Paradeep Phosphates | 57.85% | 4.79% | 20.26% | 17.10% | September 2026 |
| South Indian Bank | Nil | 25.57% | 16.78% | 57.65% | September 2026 |
| Lemon Tree | 22.32% | 19.45% | 14.35% | 43.89% | June 2026 |
Risks to Weigh in Stocks Under Rs 150
Being careful with stocks under Rs 150 means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Past growth may not repeat.
- Share prices can move sharply in either direction.
- Valuation: A low PE can also reflect slower growth, so compare each PE with the growth rate instead of reading it alone.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Stocks Under Rs 150
Picking from stocks under Rs 150 comes down to four checks, applied in order.
- Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
- Compare each PE with the industry PE (12.02 to 36.77) and ask whether the growth rate justifies any gap.
- Track net profit growth, the operating margin and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
Download the Univest iOS App or Univest Android App to track CESC, Paradeep Phosphates, South Indian Bank and Lemon Tree live prices.
Conclusion
Among stocks under Rs 150, CESC stands out for the largest market cap at Rs 17,298 crore, Paradeep Phosphates for the fastest profit growth, 25.75% a year since FY22, South Indian Bank for the biggest five-year price gain at 435.97% and Lemon Tree for the highest return on equity at 16.32%. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing stocks under Rs 150 should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Stocks Under Rs 150 to Watch
Which are the best stocks under Rs 150 to watch for multibagger potential?
Ans. CESC, Paradeep Phosphates, South Indian Bank and Lemon Tree are the 4 names this list highlights, with market caps of Rs 17,298 crore, Rs 14,493 crore, Rs 12,887 crore and Rs 8,850 crore respectively. CESC is notable for the largest market cap at Rs 17,298 crore. Paradeep Phosphates stands out for the fastest profit growth, 25.75% a year since FY22. South Indian Bank offers the biggest five-year price gain at 435.97%. Lemon Tree brings the highest return on equity at 16.32%. These are watchlist names for stocks under Rs 150, not recommendations, so match each one to your own risk profile and time horizon.
Is Lemon Tree a good stock for long-term investors?
Ans. Lemon Tree has a return on equity of 16.32%, a PE of 29.71 against an industry PE of 36.77 and a market cap of Rs 8,850 crore. FY26 revenue rose 12.78%, and June 2026 quarter net profit grew 19.21%. Long-term returns in stocks under Rs 150 depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Paradeep Phosphates become a multibagger from here?
Ans. Paradeep Phosphates has a market cap of Rs 14,493 crore. A multibagger outcome in stocks under Rs 150 requires earnings to keep growing faster than the market for several years. Net profit has compounded at 25.75% a year since FY22, and FY26 revenue rose 28.45%. At a PE of 13.53 against an industry PE of 21.29, valuation should be checked against that growth before investing.
What is the market cap of CESC, Paradeep Phosphates, South Indian Bank and Lemon Tree?
Ans. As of 23 October 2026, CESC has a market cap of Rs 17,298 crore, Paradeep Phosphates has a market cap of Rs 14,493 crore, South Indian Bank has a market cap of Rs 12,887 crore and Lemon Tree has a market cap of Rs 8,850 crore. All of them qualify as smallcaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on stocks under Rs 150.
What are the risks of investing in stocks under Rs 150?
Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Comparing each PE with growth gives a fuller picture than the PE alone.
Is South Indian Bank trading below its industry PE?
Ans. South Indian Bank trades at a PE of 8.13 against an industry PE of 12.02. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (FY26 revenue rose 5.60% and September 2026 quarter net profit grew 21.26%) and balance sheet strength before drawing a conclusion.
How much do institutions hold in CESC, Paradeep Phosphates, South Indian Bank and Lemon Tree?
Ans. As of the latest reported quarter, FII and DII together hold 37.61% of CESC (11.47% and 26.14%), 25.05% of Paradeep Phosphates (4.79% and 20.26%), 42.35% of South Indian Bank (25.57% and 16.78%) and 33.80% of Lemon Tree (19.45% and 14.35%). Rising institutional holding is a useful signal in stocks under Rs 150, though it should be read with earnings trends rather than on its own.
